District Audit Sample Clauses
The District Audit clause establishes the right of a district or its representatives to review and examine the records, accounts, and activities of a contractor or service provider related to a specific contract. Typically, this clause allows the district to access relevant documents, financial statements, and supporting materials during and sometimes after the contract term to ensure compliance with contractual obligations. Its core practical function is to promote transparency and accountability, enabling the district to verify that funds are used appropriately and contractual terms are being met.
District Audit. Pursuant to the remedies under Public Contract Code section 9201 and Government Code section 930.2, Contractor, through execution of this Agreement, also agrees the District shall have the right to review and audit, upon reasonable notice, the books and records of the Contractor concerning any monies associated with the Project. The purpose of this Audit is to quickly and efficiently resolve disputes based on the actual costs incurred and to reduce the uncertainty in resolving disputes with limited information. The District shall perform any audits at its own cost and any such audit shall be performed by an independent auditor, having no direct or indirect relationship with the functions or activities being audited or with the business conducted by the Contractor or District. In the event the independent auditor determines that Change Orders, Response to Request for Proposals, Claims, Appeal of Claims, or other requests for payment the Auditor shall report the results of the Audit findings to the District and provide a copy to the Contractor after giving the District Board the opportunity for at least 10 days review. If the Contractor disputes the findings of the independent auditor, such dispute shall be handled in the manner set forth under Article 20 entitled Disputes.
District Audit. The District shall have its financial records audited annually by the person engaged to audit the records of the Town, provided, however that the cost of said audit shall be an expense of the District.
District Audit. Upon District’s request, to confirm Service Provider’s compliance with this Agreement, as well as any applicable laws, regulations and industry standards, Service Provider grants District or, upon District’s election, a third party on District’s behalf, permission to perform an assessment, audit, examination or review of all controls in Service Provider’s physical and/or technical environment in relation to all District Data being handled and/or services being provided to District pursuant to this Agreement. Service Provider shall fully cooperate with such assessment by providing access to knowledgeable personnel, physical premises, documentation, infrastructure and application software that processes, stores or transports District Data for District pursuant to this Agreement. The District shall be responsible for the costs of the District or a third party performing such audit on District’s behalf. Service Provider shall be responsible for any remediation costs required to be in compliance with this Agreement as a result of the audit. In addition, ▇▇▇▇ ▇▇▇▇▇▇▇▇’s request, Service Provider shall provide District with the results of any audit by or on behalf of Service Provider performed that assesses the effectiveness of Service Provider’s information security program as relevant to the security and confidentiality of District Data shared during the course of this Agreement.